#United States #Chicago #Playstudios #Acies Acquisition #Christian Felipe

Proposed Class Action Settlement in Felipe v. Playstudios

On July 11, 2025, Pomerantz LLP announced key developments regarding the class action lawsuit Felipe v. Playstudios, Inc. Following a recent court order from the United States District Court for the District of Nevada, details concerning this case's settlement have been disclosed, particularly concerning the claims against Playstudios and its executives. The lawsuit identifies Christian A. Felipe as the plaintiff, with Playstudios, Inc. and other associated defendants.

Background of the Case

The class action arose from transactions associated with Playstudios’ merger with Acies Acquisition Corp. in 2021. Investors who acquired Playstudios shares during the merger (including those who exchanged Acies shares) between February 16, 2021, and May 5, 2022, are directly implicated in the settlement process. Notably, if investors were solicited to approve this merger and received Playstudios Class A Ordinary Shares instead of redeeming their Acies shares, their rights in relation to this class action may be influenced significantly.

Details of the Settlement

According to the proposed settlement, the total compensation expected is around $6,500,000. A court hearing is scheduled for October 14, 2025, where the judge will review and determine the fairness of the following:
1. The adequacy and reasonableness of the proposed settlement amount.
2. The appropriateness of the distribution plan for settlement proceeds.
3. A request from lead counsel for up to 20% of the settlement as attorney’s fees and a reimbursement of certain legal expenses, alongside an incentive payment to the plaintiffs.

This two-step participatory process means affected shareholders must submit a Proof of Claim and Release Form by September 2, 2025, to be included in the distribution of the settlement money. Timely action is critical since failing to submit this documentation might lead to rejection of claims or exclusion from the settlement benefits.

Key Dates and Actions Required

• - Claim Submission Deadline: September 2, 2025
• - Exclusion Request Deadline: September 17, 2025
• - Objection Deadline: September 16, 2025

Investors wishing to opt out need to submit exclusion requests to the Claims Administrator by the specified date. If objections arise regarding attorney fees or settlement methods, they must also align with deadlines set forth in the official notices.

How to Participate

To learn more about the settlement specifics or to submit your claim, you can contact the Claims Administrator:
Playstudios Securities Litigation
c/o A.B. Data, Ltd.
P.O. Box 173029
Milwaukee, WI 53217
(Tel) 877-307-6170
or visit PlaystudiosSecuritiesLitigation.com. Once there, you can access detailed notices, instructions for submitting claims, as well as further guidance on your rights under this settlement.

Conclusion

This proposed class action settlement is a crucial milestone for shareholders of Playstudios following the merger with Acies. It provides an opportunity for affected investors to receive compensation, depending on their actions regarding the claims. Awareness of deadlines and the decision-making process regarding the settlement will be vital in ensuring that investors can claim their respective shares of the settlement fund, protecting their interests in an evolving legal landscape. For inquiries related to the settlement, direct your questions to the Pomerantz team rather than reaching out to the court.